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Jun
11
2025
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By Abia ThinkTank
FGN To Train 100,000 Youths Annually In Forex Trading

FGN To Train 100,000 Youths Annually In Forex Trading

Business, FGN, News Flash, Youths
FG To Train 100,000 Youths Annually In Forex Trading The Federal Government has signed a Memorandum of Understanding with Investonaire Academy to train 100,000 young Nigerians every year in foreign exchange trading, as part of efforts to tackle unemployment and drive financial inclusion. This was contained in a statement on Tuesday, signed by the Federal Ministry of Youth Development’s Director of Information and Public Relations, Omolara Esan. The MoU, sealed on Monday in Abuja, will see Nigerian youths equipped with practical skills in forex trading, risk management, and financial literacy, with the aim of preparing them to actively participate in…
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Jun
11
2025
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By Abia ThinkTank
CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments

CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments

Business, Economy, News Flash
CBEX Resumes In Nigeria, Asks Investors To Deposit $200 To Recover Lost Investments A digital financial platform, Crypto Bridge Exchange, otherwise called CBEX, which is a Ponzi scheme, has resumed business across the country weeks after it suddenly halted operation and made away with hundreds of thousands of dollars belonging to unsuspecting Nigerians investors. Investors said they were asked to return to the scheme’s platform to claim their lost investments. “Someone asked me to log into CBEX account this morning that they have returned our balance,” one of the investors told the Peoples Gazette on Tuesday, sharing a screenshot of…
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Jun
10
2025
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By Abia ThinkTank
We’re Not At War, But Nigerians Are Refugees – Peter Obi

We’re Not At War, But Nigerians Are Refugees – Peter Obi

Columns/Opinions/Letters, News Flash, Politics
We’re Not At War, But Nigerians Are Refugees – Peter Obi The 2023 Presidential Candidate of the Labour Party (LP), Mr. Peter Obi, has decried the growing insecurity and hardship across Nigeria, describing the country as a “crime scene” in dire need of repair. Speaking at the public presentation of the book “Obi: The Political Change Agent”, authored by Ike Abonyi, in Abuja on Tuesday, Obi lamented that although Nigeria is not officially at war, many citizens live like refugees, both within and outside the country. “Today in Nigeria, we’re not officially at war, yet Nigerians are living in IDP…
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Jun
09
2025
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By Abia ThinkTank
2027: ‘Voters Aren’t Decamping’, Senator Ali Ndume Rejects Tinubu’s 2027 Endorsement

2027: ‘Voters Aren’t Decamping’, Senator Ali Ndume Rejects Tinubu’s 2027 Endorsement

News Flash, Politics, Presidency
2027: ‘Voters Aren’t Decamping’, Senator Ndume Rejects Tinubu’s 2027 Endorsement Senator Ali Ndume, a senior member of the All Progressives Congress (APC), has distanced himself from the recent endorsement of President Bola Tinubu for a second term in the 2027 general election. Ndume said that Tinubu’s political endorsements do not necessarily translate to electoral support from the Nigerian electorates. His comments come less than three weeks after 22 APC governors unanimously endorsed Tinubu’s second-term bid at a gathering held at the Presidential Villa, Abuja, on May 22. The senator, during an interview on Channels Television on Sunday, said he was…
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Jun
09
2025
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By Abia ThinkTank
The Dollar, Yuan, And Naira: A Triangular Guide To Business, East Of The Niger – By Dr. Chukwuemeka Ifegwu Eke

The Dollar, Yuan, And Naira: A Triangular Guide To Business, East Of The Niger – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
The Dollar, Yuan, and Naira: A Triangular Guide to Business, East of the Niger I. Currency Dynamics in Nigeria's Eastern CorridorThe Nigerian Naira (NGN) operates under extreme volatility, heavily influenced by oil prices where petroleum constitutes 40% of Nigeria's GDP. The U.S. Dollar (USD) dominates transactions while the Chinese Yuan (CNY) is critical for machinery, textiles, and electronics sourcing. Key challenges include NGN-USD Volatility where the Naira faces bearish pressure with critical levels at ₦1,562.50/USD (resistance) and ₦1,327.50/USD (support). Aba importers rely on unofficial channels with rates 20-40% higher than official quotes due to dollar scarcity. Direct CNY-NGN conversions remain…
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Jun
09
2025
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By Abia ThinkTank
FG To States: Hands Off LG Funds, Supreme Court Ruling Must Stand

FG To States: Hands Off LG Funds, Supreme Court Ruling Must Stand

FGN, Judiciary, LGA, News Flash
FG to States: Hands Off LG Funds, Supreme Court Ruling Must Stand The Federal Government has reiterated that no state government has the legal authority to collect or manage funds meant for local government areas (LGAs). In a firm response to Osun State’s legal action, the FG maintained that all allocations from the Federation Account must be paid directly to LGAs, in strict compliance with an earlier Supreme Court judgment. The FG’s affidavit, filed at the apex court, accused Osun State of unlawfully collecting LG funds between July 2024 and February 2025. It urged the court to dismiss Osun's case,…
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Jun
09
2025
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By Abia ThinkTank
Portugal Beat Spain In Tense Penalty Showdown To Clinch UEFA Nations League Trophy

Portugal Beat Spain In Tense Penalty Showdown To Clinch UEFA Nations League Trophy

Football, Foreign Affairs, News Flash, Sports, World News
Portugal Beat Spain In Tense Penalty Showdown To Clinch Nations League Trophy Portugal have lifted the UEFA Nations League trophy for the second time after a dramatic 5-3 penalty shootout victory over Spain. This follows a 2-2 draw at full-time and extra-time in a thrilling final held in Germany. The match, fiercely contested from start to finish, saw both teams create significant chances before settling matters from the spot. Portugal were flawless in the shootout, converting all five of their penalties, while Spain faltered, missing one of their four attempts. Spain struck first in the 21st minute through Martin Zubimendi,…
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Jun
09
2025
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By Abia ThinkTank
Plane Carrying 20 People Crashes In USA

Plane Carrying 20 People Crashes In USA

News Flash, Transportation, World News
Plane Carrying 20 People Crashes In U.S A plane carrying 20 people crashed in the US state of Tennessee on Sunday, with some on board taken to hospital for injuries, according to state and federal officials. The Tennessee Highway Patrol said on X that its troopers were assisting police “at the scene of a plane crash on Old Shelbyville Road” “Some have been airlifted to nearby hospitals. This is an active scene,” it said, adding that more updates would follow. Pictures on social media showed a small, white plane with its nose buried into the grass and its tail broken…
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Jun
08
2025
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By Abia ThinkTank
NUT Urges Tinubu To Implement Welfare Packages For Teachers

NUT Urges Tinubu To Implement Welfare Packages For Teachers

Education, FGN, News Flash
NUT Urges Tinubu To Implement Welfare Packages For Teachers The Nigeria Union of Teachers (NUT) has appealed to President Bola Tinubu to implement welfare packages approved for teachers by his predecessor, Muhammadu Buhari since 2020. The National President of the union, Comrade Audu Amba made the appeal in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. Amba said five years after the Federal Government promised to implement special salary structure and other welfare packages for teachers, the promises had remained unfulfilled. According to him, the unfulfilled promises is partly responsible for the broader challenges affecting…
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Jun
08
2025
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By Abia ThinkTank
Trump Deploys 2,000 Soldiers Against Anti-Immigration Protesters In Los Angeles

Trump Deploys 2,000 Soldiers Against Anti-Immigration Protesters In Los Angeles

Foreign Affairs, News Flash, World News
Trump Deploys 2,000 Soldiers Against Anti-immigration Protesters In Los Angeles President Donald Trump on Saturday signed a presidential order deploying 2,000 National Guardsmen to disperse anti-immigration protesters in Los Angeles, California. White House press secretary Karoline Leavitt in a statement disclosed the development as immigration raids triggered protests in Los Angeles, California. Ms Leavitt said, “These operations are essential to halting and reversing the invasion of illegal criminals into the United States.’’ The White House spokesperson added, “In the wake of this violence, California’s feckless Democrat leaders have completely abdicated their responsibility to protect their citizens.” California governor Gavin Newsom…
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